A retail firm wants to focus its efforts on a narrow target market: deep-sea fishing enthusiasts who wish to purchase costly fishing accessories. The most appropriate nonstore-based strategy mix (with the lowest waste coverage) is _____
a. airport retailing
b. direct selling
c. vending machines
d. direct marketing
d
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In the two-period model, suppose a household's income in the first period is $30,000, income in the second period is $60,000, and the real interest rate is 30 percent. What is the household's maximum spending in the second period, if it decides to save the entire amount in the first period?
A. $40,000 B. $50,000 C. $80,000 D. $99,000
Benford's law can help detect fraud by:
a. establishing weaknesses in the accounting control system. b. identifying accounting anomalies. c. focusing on unexplained changes. d. identifying possible attempts by fraudsters to make stolen amounts look random.
James Corporation's controller has developed the cost and usage data listed below in preparation of standard unit cost information for the coming year. Direct materials quantity standard 5 pounds per product Direct labor time standard 3 hours per product Direct materials price standard $9 per pound Direct labor rate standard $8 per hour Standard variable overhead rate $10 per labor hour Standard
fixed overhead rate $11 per labor hour Using the above information provided for James Corporation, the total standard unit cost is A) $99. B) $132. C) $102. D) $46.
Freight In is the amount paid by the company to deliver merchandise sold to a customer
Indicate whether the statement is true or false